Consumer Non-Durables Stocks On The Rise With Help From 5 Stocks
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 127 points (0.8%) at 15,307 as of Tuesday, June 18, 2013, 12:45 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.
The Consumer Non-Durables industry currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the industry include Gildan Activewear (GIL), up 1.7%, and Fibria Celulose (FBR), up 1.0%.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:
5. Sealed Air Corporation (SEE) is one of the companies pushing the Consumer Non-Durables industry higher today. As of noon trading, Sealed Air Corporation is up $0.30 (1.23) to $24.60 on light volume Thus far, 451,018 shares of Sealed Air Corporation exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $24.36-$24.70 after having opened the day at $24.43 as compared to the previous trading day's close of $24.30.
Sealed Air Corporation, through its subsidiaries, provides food safety and security, facility hygiene, and product protection solutions worldwide. The company operates through three segments: Food & Beverage (F&B), Institutional & Laundry (I&L), and Protective Packaging. Sealed Air Corporation has a market cap of $4.7 billion and is part of the consumer goods sector. Shares are up 38.8% year to date as of the close of trading on Monday. Currently there are 5 analysts that rate Sealed Air Corporation a buy, 2 analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates Sealed Air Corporation as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and disappointing return on equity. Get the full Sealed Air Corporation Ratings Report now.
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